Appearing on MSNBC’s “Morning Joe,” Cutter - who came under fire last week for suggesting Mitt Romney may have committed a “felony” - said she wasn’t implying that the Republican candidate had committed a crime, and she shifted the emphasis of her attacks to whether he was being truthful with the American people about his time at Bain Capital.

“We’re not suggesting Romney committed a crime here,” she said on MSNBC’s “Morning Joe” Tuesday. “We’re actually suggesting he’s not being up front with the American people about what his involvement was with Bain. And day by day more and more evidence comes out that he was involved with Bain.”

But when asked if she was walking back her comments from last week, she responded, “No, no.”

On Thursday, Cutter told reporters on a conference call that Romney’s name on the firm’s filings with the SEC indicating he was CEO of Bain years after he said he ended active involvement with the company means that “either Mitt Romney, through his own words and his own signature, was misrepresenting his position at Bain to the SEC, which is a felony…Or he was misrepresenting his position at Bain to the American people to avoid responsibility for some of the consequences of his investments.”

On Tuesday, Cutter clearly shifted her tone, and during a long interview on “Morning Joe” refrained from using the word “felony.”

“At the end of the day, this largely doesn’t matter because he was at Bain for many, many years,” she said. “We’re happy to talk about pre-Olympics, post-Olympics, whatever he wants to talk about. This is his calling card, this is what he put on the table for his rationale for the presidency, so it’s a legitimate discussion to have.”

When Joe Scarborough asked Cutter point blank if she was still suggesting Romney may have committed a crime, Cutter didn’t directly answer the host’s question.

Scarborough: “It’s a simple question, so are you still saying this morning you believe that it is possible that Mitt Romney, the Republican nominee, is committing a federal felony?”

Cutter: “I’m saying the same thing I said last week, that his explanation doesn’t add up because both of these things can’t be true. you can’t sign your name on a federal government document saying that you’re the head of the company but then tell the American people that you have nothing to do with it. Both things can’t be true.”

Appearing on “Morning Joe” during Cutter’s segment, Republican strategist Mark McKinnon criticized her for using the word “felony” last week.

Cutter responded that she “understand[s]” McKinnon’s point.

“I think that by the dropping the word ‘felony’ - I don’t know how Stephanie says she is not suggesting he committed a crime and then you use the word ‘felony’ - you can’t mix those two things,” Mackinnon said.

“By stating a fact that if you are intentionally putting your name on a government document not knowing it to be true? That is a criminal offense. I understand Mark’s point, but we were simply raising… questions: his explanations were not adding up,” Cutter said.

Asked on Monday by CNN’s Wolf Blitzer whether she had any regret over using the word “felony,” Cutter responded, “No, absolutely not. It’s a fact. If you’re signing federal documents knowing them to be false, it’s a felony.”

Cutter also appeared on NBC’s “Today Show” on Tuesday but was not specifically asked about the “felony” conference call with reporters.